How much does Robinhood deduct as a percentage for cryptocurrency transactions?
pgslot77 pgslotJan 18, 2023 · 3 years ago3 answers
Can you tell me the percentage that Robinhood deducts from cryptocurrency transactions?
3 answers
- Dhandapani ASep 18, 2025 · 2 months agoWhen it comes to cryptocurrency transactions on Robinhood, the platform charges a fee of 2.9% of the transaction amount. This fee is applied to both buying and selling cryptocurrencies. It's important to note that this fee may vary depending on market conditions and can change over time. So, it's always a good idea to check the latest fee structure on Robinhood's website before making any transactions.
- berihu tesfayJul 23, 2023 · 2 years agoRobinhood deducts approximately 2.9% as a transaction fee for cryptocurrency transactions. This fee is relatively competitive compared to other platforms in the market. However, it's worth considering that fees can fluctuate based on market conditions and the specific cryptocurrency being traded. It's always a good practice to review the fee structure and compare it with other platforms to ensure you're getting the best deal for your transactions.
- ShelbyAug 01, 2020 · 5 years agoAs an expert in the field, I can confirm that Robinhood charges a transaction fee of around 2.9% for cryptocurrency transactions. This fee is relatively standard in the industry and is comparable to other popular platforms. However, it's important to note that fees can vary depending on the specific cryptocurrency and market conditions. To get the most accurate and up-to-date information, I recommend visiting Robinhood's official website or contacting their customer support.
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